The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 2.80 percent to 70.16 with a broad renewables advance. For the day, Archer Daniels Midland (ADM) upped 0.94 percent to $25.77, while KiOR (KIOR) soared 13.35 percent to $20.29. Among other equities, Novozymes (NZMB) rose 4.39 percent to $148.50. Overall, advances led declines […]
There’s a new way of understanding advanced industrial biotech – how land, capital and labor are organized, where it is going, and why. Are we discovering a new way, or something so ancient it feels new all over again? It has been an exciting week in industrial biotech. Elevance filed for its IPO, as it […]
In the US, Japan’s Itochu plans to begin exporting at least 100 million liters of American ethanol to Brazil beginning in early 2012 in order to supply the national market there. In conjunction with Bunge, the company owns ethanol production in Tocantins and Minas Gerais states in Brazil.
In Florida, NASCAR has released a white paper validating the benefits of ethanol as a high performing fuel used in more than 1.3 million miles of E15 on the track. NASCAR officially hit the one million mile mark with the new fuel at Watkins Glen International Speedway in mid-August 2011 and runs E15 in all […]
In the US, national ethanol production fell 8,000 barrels during the week ending Sept. 16, partly due to 19 of the country’s 209 ethanol plants shutting down during that period for fall maintenance. Gasoline demand is down roughly 1.9% on the year.
In Illinois, the Chicago Mercantile Exchange is developing a futures contract for Brazilian ethanol. The company has US-based ethanol futures contracts as well as Rotterdam-based. Details of the contract are still unknown but an announcement from CME regarding the new futures product is expected soon.
In Texas, AT&T announced their plans to introduce a new plastic in their AT&T-branded accessory packaging, which is composed of up to 30 percent plant-based materials sourced from ethanol harvested from natural sugarcane. Customers can expect to see the transition to the new packaging in stores and online starting October 2, 2011. The plastic will […]
In Illinois, a new study by the University of Illinois shows that the EPAs right to waive one or more mandates under the Renewable Fuel Standard 2 such as the biodiesel mandate, the cellulosic mandate, or the overall blending mandate introduces uncertainty for biofuels and agricultural commodity markets in the future. The study looks specifically […]
In Washington, legislation is being drafted in the US House of Representatives that alter the Renewable Fuel Standard 2 in such a way that would allow the federal ethanol use mandate to be lowered when corn supplies were tight. Reuters is reporting that the mandate would likely be lowered by 25% if stocks-to-use ration fell […]
In California, Verdezyne announced the appointment of Brian Conn as Chief Financial Officer (CFO) and Steve Jackson as Chief Operations Officer (COO). As CFO, Mr. Conn will head up Verdezyne’s Finance, Human Resources, Information Technology and Corporate Communications functions. Mr. Jackson will be responsible for the scale-up of manufacturing operations and commercial production of all […]
